49.7%、50.5%、50.7%！ 6月PMI三大指数均回升

Group 1: Economic Indicators - In June, China's manufacturing PMI, non-manufacturing business activity index, and comprehensive PMI output index were 49.7%, 50.5%, and 50.7%, respectively, indicating a slight recovery with increases of 0.2, 0.2, and 0.3 percentage points from the previous month, suggesting overall economic expansion [1] - The production index, new orders index, and supplier delivery time index for manufacturing were 51.0%, 50.2%, and 50.2%, all above the critical point, with increases of 0.3, 0.4, and 0.2 percentage points from the previous month [3] - The non-manufacturing business activity index remained at 50.5%, reflecting continued expansion, while the service industry index was at 50.1%, down 0.1 percentage points from the previous month [5] Group 2: Sector Performance - The equipment manufacturing, high-tech manufacturing, and consumer goods industry PMIs were 51.4%, 50.9%, and 50.4%, respectively, all remaining in the expansion zone for two consecutive months [4] - The high-tech manufacturing PMI remained stable at 50.9%, indicating strong growth and resilience in the face of market demand and policy support [4] - The small enterprise PMI fell by 2 percentage points to 47.3%, indicating lower economic sentiment in this sector, which is crucial for employment [3] Group 3: Policy and Future Outlook - Economists suggest accelerating the issuance and use of local government special bonds and new policy financial tools to support domestic demand and stabilize foreign trade [2] - The macroeconomic policy is focusing on promoting service consumption as a key point to boost domestic demand, with various supportive measures being implemented [5] - Future projections indicate that the manufacturing PMI may remain around 49.7% in July, with potential downward risks due to cooling export momentum [6]